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Philippine Growth Surprises;
Outlook for Year Is Cloudy

By

James Hookway Staff Reporter of The Wall Street Journal

Updated Jan. 31, 2000 12:01 a.m. ET

MANILA, Philippines -- The Philippine economy grew beyond expectations in the fourth quarter last year, but with President Joseph Estrada's administration struggling to find its footing on economic policy, the outlook for this year is increasingly cloudy.

The government announced Friday that gross domestic product expanded 4.6% in the fourth...